scalf's market comments...

[scalf]

/forums/images/icons/tongue.gif market is overbought at this time....should see about a week of price consolidation,(down baby); nov 18 is key day...in 1929 market rallied 60% into april 1930...then down 90% to 1932

nasdq, dji, sp500 indices have all hit resistance levels and will not have support for about 20% drop...

overall see a short downtrend for week or so, then bullish rally into dec...jmho...gl /forums/images/icons/grin.gif

[Mark Heide]

scalf,

I think the bulls are getting spooked this week, and I don't think it will stabilize until we actually go to war. I expect sideways trading throughout the rest of the year. That's my best guess. My financial advisor told me to stay out of the market until next year. I'm taking her advice.

Good Luck

Mark